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Stock Market & Financial Investment News

News Breaks
December 18, 2012
10:06 EDTACAT, PIIArctic Cat, Polaris rise after analyst says shares attractive
Winter vehicle makers Arctic Cat (ACAT) and Polaris Industries (PII) are rising after KeyBanc analyst Scott Hamann wrote that demand for the company's products has increased in some regions of the country. Moreover, the increase in demand has occurred in regions that are more important to the companies, Hamann wrote in a note to investors earlier today after speaking with dealers. Concerns about weak snowfall and potentially slowing snow plow sales have created an attractive risk/reward ratio in the stocks, the analyst added. In fact, plow demand appears to be solid, and Arctic Cat and Polaris are both gaining share in the market, wrote Hamann, who maintained Buy ratings on Arctic Cat and Polaris. In early trading, Arctic Cat rose 2.65% to $37.97, while Polaris added 0.66% to $80.90
News For ACAT;PII From The Last 14 Days
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January 29, 2015
18:34 EDTPIIPolaris Industries raises dividend 10%, increases share buyback by 4M shares
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10:00 EDTACATOn The Fly: Analyst Downgrade Summary
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10:00 EDTACATOn The Fly: Analyst Upgrade Summary
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08:50 EDTACATArctic Cat upgraded to Outperform at RW Baird
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08:43 EDTACATArctic Cat downgraded to Hold from Buy at Feltl
Feltl downgraded Arctic Cat following the mixed Q3 report citing foreign currency pressure, high dealer inventory, international weakness, and a difficult snow year to date. Price target lowered to $29 from $37. Note Raymond James and Baird both upgraded shares this morning.
08:43 EDTACATArctic Cat upgraded to Strong Buy from Market Perform at Raymond James
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06:18 EDTACATArctic Cat upgraded to Outperform from Neutral at RW Baird
January 28, 2015
08:15 EDTPIIPolaris Industries results refuted parts of bear thesis, says RBC Capital
RBC Capital believes that Polaris' results showed that the company will not be derailed by lower oil and weaker ag sales, as stronger macro trends are likely to more than offset those headwinds. The firm says that the company's organic earnings growth is not slowing as much as some had feared, while its gross margin guidance could be conservative. The firm keeps an Outperform rating on the shares.
06:35 EDTACATArctic Cat lowes 2015 adjusted EPS view to $1.24-$1.32 from $1.55-$1.65
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06:32 EDTACATArctic Cat reports Q3 adjusted EPS 68c, consensus 48c
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January 27, 2015
09:17 EDTPIIOn The Fly: Pre-market Movers
HIGHER: Silicon Image (SIMG), up 23% after signing agreement to be acquired by Lattice Semiconductor (LSCC)... USA Technologies (USAT), up 5% following nationwide roll-out of new Apple Pay points... TE Connectivity (TEL), up 3.9% following a Wall Street Journal report that the company is close to a deal with Commscope (COMM)... Select Comfort (SCSS), up 1% after being upgraded to Buy from Hold at Stifel. DOWN AFTER EARNINGS: Microsoft (MSFT), down 8.2%... Caterpillar (CAT), down 7.8%... Packaging Corp (PKG), down 8.3%... Peabody Energy (BTU), down 5.3%... Freeport-McMoRan (FCX), down 5.7%... Polaris Industries (PII), down 2.1%... United Technologies (UTX), down 2.3%... Procter & Gamble (PG), down 2.6%.
06:08 EDTPIIPolaris Industries reports Q4 Off-Road Vehicle sales up 19% to $781.5M
Snowmobile sales increased 2% to $138.1M in Q4. Motorcycle division sales, increased 50% to $103.5M in Q4. Sales in the Small Vehicles division decreased 11% to $41.2M in Q4.
06:07 EDTPIIPolaris Industries sees FY15 EPS $7.22-$7.42, consensus $7.81
Sees FY15 net income to increase in range of 9%-12% over FY14. Sees FY15 sales growth to increase 9%-12% over FY14, consensus $4.99B.
06:06 EDTPIIPolaris Industries expects similar headwinds in 2015
The company said, “While we expect to face similar headwinds in 2015, namely ongoing currency volatility and a struggling European economy, I am confident that with the best team in powersports and numerous catalysts for growth and margin expansion, we are well positioned to surmount any challenges."
06:05 EDTPIIPolaris Industries reports Q4 EPS $1.98, consensus $1.94
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